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243 South St 2,614 SF Office Building Hyannis, MA 02601 $775,000 ($296.48/SF) 7.99% Cap Rate
Investment Highlights
- Income-Producing Asset: Fully leased with reliable cash flow.
- Turnkey, low-management Hyannis investment with a respected tenant and attractive returns
- Established Occupant: Well-known broadcast station with specialized infrastructure in place.
Executive Summary
This fully occupied professional office building delivers stable income with a 7.5% capitalization rate.
Anchored by a popular FM radio station with extensive IT infrastructure, the ±2,766 SF property sits on a 0.53-acre parcel in Hyannis’ Downtown (DN) zoning district. The tenant’s long-standing presence provides both financial security and operational stability.
Highlights for Investors:
Income-Producing Asset: Fully leased with reliable cash flow.
7.5% Cap Rate: Competitive return in a high-demand Cape Cod market.
Established Occupant: Well-known broadcast station with specialized infrastructure in place.
Prime Location: Situated in downtown Hyannis, close to business, healthcare, and municipal hubs.
Historic Character, Modernized Functionality: Originally built in 1910, effectively updated in 1984.
This offering represents a turnkey, low-management Hyannis investment with a respected tenant and attractive returns in one of Cape Cod’s strongest commercial corridors.
Anchored by a popular FM radio station with extensive IT infrastructure, the ±2,766 SF property sits on a 0.53-acre parcel in Hyannis’ Downtown (DN) zoning district. The tenant’s long-standing presence provides both financial security and operational stability.
Highlights for Investors:
Income-Producing Asset: Fully leased with reliable cash flow.
7.5% Cap Rate: Competitive return in a high-demand Cape Cod market.
Established Occupant: Well-known broadcast station with specialized infrastructure in place.
Prime Location: Situated in downtown Hyannis, close to business, healthcare, and municipal hubs.
Historic Character, Modernized Functionality: Originally built in 1910, effectively updated in 1984.
This offering represents a turnkey, low-management Hyannis investment with a respected tenant and attractive returns in one of Cape Cod’s strongest commercial corridors.
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Building Size
2,614 SF
Building Class
B
Year Built/Renovated
1910/1984
Price
$775,000
Price Per SF
$296.48
Cap Rate
7.99%
NOI
$61,950
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,307 SF
Building FAR
0.11
Lot Size
0.53 AC
Zoning
DN
Parking
18 Spaces (6.89 Spaces per 1,000 SF Leased)
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Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | HYAN-000326-000000-000005 | Improvements Assessment | $341,900 |
| Land Assessment | $201,200 | Total Assessment | $543,100 |
Property Taxes
Parcel Number
HYAN-000326-000000-000005
Land Assessment
$201,200
Improvements Assessment
$341,900
Total Assessment
$543,100
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243 South St
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